Saudi Arabia’s gigaproject NEOM has announced that the Port of NEOM, which was previously known as Duba Port and was transferred from Mawani to the smart city developer in 2022, has started operation.
As per a statement issued by NEOM, the port, which has attracted over $2 billion investments on its first phase of development, has expanded its capabilities including fixed call with CMA CGM, general cargo handling, storage and on-going passenger services.
By the beginning of 2025, the first Container Terminal will be operational with integrated supply chain and logistics solutions. When completed, the port will operate at net carbon zero levels with 100% renewable energy at source, set to make it the world’s most sustainable next-generation port.
Commenting on the development, Nadhmi Al Nasr, Chief Executive Office of NEOM said, “The Port of NEOM will be pivotal to the continued commercial competitiveness, economic diversification and maritime trade ambitions of the Kingdom. Our vision is to build one of the world’s most technologically advanced, efficient and sustainable ports with the first fully integrated and automated supply chain and logistics network, and this first phase of development is a step towards realizing that.”
He said, “Located on the Red Sea, at the crossroads of global trading routes, the port will be a critical enabler for NEOM and a catalyst for broader economic development in the region. Our investment to date of over SAR 7.5 billion and our intention to open the first advanced terminal in 2025 demonstrates our commitment to the vision.”